Dec 20, 2016

The value of Rakesh Jhunjhunwala's stock holdings has remained flat this year as heavyweights of his portfolio weighed down the performance.

According to data taken from Bloomberg, the value of his personal holdings
has witnessed a marginal rise of 2% to Rs 6,514 crore. The analysis only
considers companies where Jhunjhunwala owns stake of more than 1% in his
personal capacity.

Besides, that the ace investor also holds stake
in various companies through his firm RARE Enterprises and in addition his wife
Rekha Jhunjhunwala too has equity holdings.

Most of
Jhunjhunwala's long term bets such Aurobindo Pharma, Lupin and Titan
have turned out to damp squibs in 2016. The two pharma companies have lost
close to 20% during the year, while Titan too is down 9%. Meanwhile, the
benchmark Sensex is up just 1% so far this year.

Industry
observers say Jhunjhunwala is now focusing on buying a large chunk of
equity in smaller companies like Geometric, Autoline Industries, Mandhana Retail and Delta Corporation. There are around eight
companies in which Jhunjhunwala holds more than 10% stake.

Recently, Jhunjhunwala
announced he had acquired 12.7% stake in The Mandhana Retail Ventures Limited, which retailer for Salman Khan's
Being Human apparel brand.

Last year, Jhunjhunwala was seen investing
heavily in all three listed aviation companies -InterGlobe Aviation, Jet
Airways and SpiceJet.